Trump supports Musk by announcing Tesla purchase

abcnews.go.com

President Donald Trump announced he will buy a Tesla, showing support for Elon Musk amid a significant drop in Tesla's stock. Shares fell 45% in 2025, with a 15% decline on Monday, attributed to competition and Musk's political associations. Tesla faces declining sales in key markets, including a 45% drop in Europe and a significant decrease in California. Analysts expect U.S. deliveries to fall by 5% in the first quarter compared to last year. Protests and vandalism against Tesla vehicles have increased, reflecting tensions over Musk's political stance. Recent incidents include a woman charged with vandalism at a Colorado dealership, highlighting the backlash against the brand.


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